Zimbabwe: Ecocash Loses ZWG148, 7 Million in Conversion to New Currency

New Zimbabwe

DIVERSIFIED digital solutions group, Ecocash Holdings Zimbabwe Limited has suffered a ZWG148,7 million loss during migration to the newly introduced currency. Read more »

Kenya: Central Bank Rolls Out New Notes for 50, 100, 200 and 500 With New Signatures

Capital FM

The Central Bank of Kenya (CBK) has announced the rollout of newly redesigned banknotes, following the retirement of former CBK Governor Patrick Njoroge. Read more »

Ghana: Bitcoin Breaches $94,000 for the First Time

Ghanaian Times

Bitcoin rose to a record high above $94,000 as a report that Donald Trump's social media company was in talks to buy crypto trading firm Bakkt (BKKT.N), added to hopes of a… Read more »

Ethiopia: Ethiopia Expands Foreign Exchange Services With Private Currency Exchange Offices

ENA

The National Bank of Ethiopia (NBE) has granted licenses to five non-bank private currency exchange offices in line with its directive to expand foreign exchange services and boost… Read more »

Sudan: Central Bank of Sudan Issues New 1,000 Pound Note

Dabanga

The Central Bank of Sudan (CBoS) yesterday announced the issuance of a new banknote of SDG1,000 as part of the bank's efforts to modernise the currency and improve the security… Read more »

Nigeria: Naira Appreciates Significantly Against Dollar At Official Market

Premium Times

Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N42.15 on the day. Read more »

Zimbabwe: Why Zanu-PF's Local Currency, Anti-Corruption Resolutions Matter

The Herald

Zimbabwe stands at a critical juncture in its economic history and the resolutions from the recent ZANU PF 21st Annual National People's Conference reflect a proactive approach… Read more »

Africa: Bitcoin Hits All-Time High As U.S. Election Results Drive Volatility

Daba Finance

TLDR Read more »

Nigeria: Fx Appetite Drives Up Mutual Funds Assets By 81.5 Percent to N3.5trn

Vanguard

The obsession for foreign currency, specifically the US Dollar, has driven investors towards dollar denominated financial assets in the mutual funds segment resulting in an all… Read more »

Zimbabwe: Parliament Demands Answers Over Closure of Retail Outlets Amid ZWG Fluctuation

New Zimbabwe

The recent closure of once-thriving retail outlets due to the economic meltdown, driven by currency depreciation, has prompted Parliament to demand an explanation from Finance… Read more »

Nigeria: Forex - Turnover in Nafem Rises 63 Percent to $5.4bn

Vanguard

·As naira depreciates across all market segments Read more »

Nigeria: Naira Depreciation Shot Up Manufacturing Investment By 32.6 Percent

Vanguard

·As jobs created plunges by 37.8% Read more »

Nigeria: Nigerians Urged to Declare Foreign Currency in New Govt Scheme

Premium Times

The government said the scheme will remain open for nine months from its commencement date. Read more »

Nigeria: Understanding Nigeria' Cryptocurrency Regulatory Framework

This Day

In recent years, cryptocurrency has transformed from a niche digital asset into a significant component of the global financial system. As its use expands, countries like Nigeria… Read more »

Nigeria: Naira Depreciates By 4.41% Against Dollar At Official Market

Premium Times

Also, the total daily turnover reduced to $81.17 million on Monday down from $284.93 million recorded on Friday. Read more »

Zimbabwe: No Legal Gap On ZIG Validity - RBZ...Treasury Unveils Measures to Stabilise Local Currency

The Herald

The Reserve Bank of Zimbabwe says there is no legal gap regarding the status of the Zimbabwe Gold (ZiG), which was established in terms of the Presidential Powers (Temporary… Read more »

Nigeria: Naira for Crude Transactions Will Take Us Out of the Last 40 Years - Tinubu

Daily Trust

President Bola Ahmed Tinubu has commended the Implementation Committee of the Naira-based sale of crude oil and refined products, saying the policy is aimed at taking the country… Read more »

Zimbabwe: RBZ's U.S.$50m Injection to Anchor Exchange Rate

The Herald

The Reserve Bank of Zimbabwe's market interventions, which saw US$50 million being injected into the interbank foreign exchange market in October alone, have been lauded by… Read more »

Zimbabwe: ZIG No Longer Legal Tender - Top Lawyer Argues Statutory Instrument Giving Life to New Currency Lapsed and Cannot Be Extended

New Zimbabwe

RENOWNED lawyer, Thabani Mpofu has poked holes on the legal status of the country's latest currency, Zimbabwe Gold (ZiG), arguing that legislation supporting it has expired. Read more »

Zimbabwe: Currency Reform Measures Do Not Lapse - RBZ Says ZWG Legal Status Above Board

New Zimbabwe

THE Reserve Bank of Zimbabwe (RBZ) has refuted claims challenging the legal status of the ZWG, insisting the new currency's status is well above board. Read more »

Nigeria: Inflation, Interest Rates, and the CBN's Options, By Uddin Ifeanyi [opinion]

Premium Times

Very few patients with a life-threatening ailment would substitute the likelihood of death for the short-term inconvenience of a proven therapy. None would settle for the ravages… Read more »

Nigeria: Ndume Backs Tinubu On De-Dollarisation Policy

Leadership

Senator representing Borno South at the National Assembly, Ali Ndume, has expressed support for the recent de-dollarisation policy introduced by President Bola Tinubu… Read more »

Nigeria: No Deadline On Circulation of Old Naira Notes, Central Bank Assures Nigerians

Premium Times

This follows the House of Representatives' call for the CBN to issue more new ₦200, ₦500, and ₦1,000 notes and gradually withdraw the old ones before the 31 December… Read more »

Nigeria: Nigeria's External Reserves Hits $40.2bn - CBN

Vanguard

The Central Bank of Nigeria, CBN said that the nation's external reserves has risen to $40.2 billion as at October 18, 2024. Read more »

Nigeria: Govt Blames Hoarders For Driving Inflation

Daily Trust

Hoarders of grains have been identified as significant contributors to food inflation in the country. Read more »